Effect of Information and Communication Technology (ICT) on Financial Performance of Listed Consumer Goods Firms in Nigeria

Clement Okeke

MPRA Paper from University Library of Munich, Germany

Abstract: The impact of Information and Communication Technology (ICT) on firm performance has become the subject of active research in the last four decades. This study’s goal is to review the effect of ICT on the financial performance of firms in the consumer goods sector as measured by their Return on Capital Employed (ROCE) with firm size added as a control variable. For a period of ten (10) years, from 2013 to 2022, the study used thirteen (13) listed consumer goods companies in Nigeria. An ex-post facto research approach was used, and secondary data were gathered from the companies’ annual reports for the period under review. EViews version 12 was used to do correlation and regression analysis. The findings show that Funding for ICT Hardware (FICTH)and Funding for ICT Software (FICTS) have a negative and insignificant effect on the financial performance of listed consumer goods firms in Nigeria. The study suggests that stakeholders, especially managers in the consumer goods sector should always review all options carefully before venturing into any procurement of additional computer hardware or software bearing in mind the negative impact of their ROCE.

Keywords: Information and Communication Technology (ICT); Return on Capital Employed (search for similar items in EconPapers)
JEL-codes: G3 G30 L2 L8 L86 L89 O14 O30 O32 (search for similar items in EconPapers)
Date: 2024-04-10
New Economics Papers: this item is included in nep-eff, nep-ict, nep-inv and nep-sbm
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Published in International Journal of Accounting, Finance and Information System 2.4(2024): pp. 200-2012

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121293

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